Non-linear Rates Trader

ING•New York, NY

2d•$140,000 - $200,000•Hybrid

About The Position

ING is looking for a Non-Linear/Interest Rates Options trader to join the ING NY Financial Markets division as an associate reporting to the Trading Desk Head. The mandate will be to trade non-linear products across Rates, Credit and FX products to create solutions for ING’s clients including Corporates and Financial Institutions. Working closely with the Quantitative Development team, you will be actively involved in I.T/Front-office system developments to improve operational efficiency.

Requirements

Bachelor’s degree in Math, Engineering, Physics, Economics, Business or closely-related quantitative field from an accredited U.S school (or equivalent)
2+ years of relevant markets experience
Coding knowledge: VBA & Python
In depth understanding of interest rate & credit derivatives from a structuring, pricing and documentation point of view
Series 7, 63 registrations required

Nice To Haves

Market expertise in Non-Linear Rates products, including Cap/Floor, Swaption products, Bermudan Callable, Callable Range Accrual, Callable CMS Spread Option, and other Non-Linear Rates products would be an added advantage

Responsibilities

Structuring, pricing and execution of structured deals & solutions required by corporate clients, financial institutions and private investors in collaboration with the structuring colleagues, the various trading desks, the quant team and the global sales teams
Provide competitive pricing, trading non-linear rates products within the product mandate, the fixed limits and required risk profile of the desk
Generating ideas and opportunities for new and existing clients through research, financial models and industry analysis
Establish and maintain regular contact with the sales, relationship managers and other ING businesses with a view to identifying business opportunities and enhancing Structured Products business with them
Attend to the risk monitoring of transactions, with a view to contributing towards desk profit targets and creating customer loyalty
Contribute to the development of new products by working closely together with Front-Office Quants and Developers
Be aware of key regulatory developments together with FM Regulatory / Legal teams and with Business Management, understand the possible impact to business as well as possible opportunities.